Page 41 - NCCAA Finance Board Accountability

Ratios

Current Ratio Current Assets / Current Liabilities
A positive working capital indicates that the
organization has sufficient current assets to cover

Working Current Assets – Current Liabilities its current liabilities, which suggests it has the ability
Capital
to meet its short-term financial obligations and

Quick Ratio Cash + Securities + Accounts fund its ongoing operations.
Receivable/Current Liabilities

Debt to Asset Total Liabilities / Total Assets

Debt to Equity Total Liabilities / Net Assets

Asset Turnover Total Unrestricted Revenues / Average
Total Assets

Days Accounts Receivable *365 /
Receivable Unrestricted Revenue

Profit Margin Increase in Unrestricted Net Assets /
Unrestricted Revenue